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Air Separation Unit Market Trends

Report ID: GMI7018
Published Date: Oct 2023
Report Format: PDF

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Air Separation Unit Market Trends

Bolstering trend of on-site gas generation across various end use verticals across the globe are shifting toward on-site gas generation to ensure a stable and cost-effective gas supply while reducing transportation-related emissions. This trend was particularly prominent in healthcare and manufacturing sectors. In addition, the integration of digital technologies and Industry 4.0 principles into ASU operations across developing industries will augment the business outlook.

Data-driven analytics and automation were improving efficiency, reducing downtime, and enhancing overall plant performance. One of the significant drivers contributing to the growth of the air separation plant market is the increasing adoption of alternative energy sources, including coal-to-liquid and coal-to-chemicals facilities, as well as large-scale gasification plants and oxygen-based gas-to-liquid processes.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of air separation unit was worth USD 5.9 billion in 2023 and is set to record over 4.5% CAGR from 2024 to 2032.

The cryogenic process segment is poised to observe over 4.5% CAGR through 2032, owing to the growing industrial demand for hydrogen production.

Asia Pacific air separation unit market size is expected to record over 5.3% CAGR from 2023 to 2032, primarily propelled by the region's increasing involvement in climate mitigation and sustainability endeavors.

Linde plc, Air Products and Chemicals, Inc., TAIYO NIPPON SANSO CORPORATION, Praxair Technology, Inc., Technex, Ranch Cryogenics, Inc., KaiFeng Air Separation Group Co.,LTD., Air Liquide, Enerflex Ltd., AMCS Corporation., and Messer, Universal Industrial Gases, Inc., Sichuan Air Separation Plant Group, AIR WATER INC., Yingde Gases, and CRYOTEC Anlagenbau GmbH.